debt
confidence high
sentiment neutral
materiality 0.55
Dell completes $4B public offering of senior notes across four tranches
Dell Technologies Inc.
- $1B 4.750% notes due 2028, $1B 5.000% notes due 2030, $1B 5.300% notes due 2032, $1B 5.500% notes due 2035.
- Notes are senior unsecured, guaranteed by Dell Technologies, Denali Intermediate, and Dell Inc.
- Interest payable semi-annually on April 1 and October 1, starting October 1, 2025.
- Maturities: 2028 (4.750%), 2030 (5.000%), 2032 (5.300%), 2035 (5.500%).
- Change-of-control put at 101% of principal plus accrued interest.